olympics

Tokyo Games CEO: Official costs will be known early next year

30 Comments
By STEPHEN WADE

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30 Comments
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Next year.... long after the election.

0 ( +1 / -1 )

After the books are scrubbed and the bribes are paid we will know the "truth".

-1 ( +0 / -1 )

The IOC should be compelled to pay the lion's share of lost ticket sales. This corrupt organization is largely responsible for the "need" to hold both events this year instead of delaying them to next. Rather than consider the circumstances and be seen as a "practical" body that acknowledged the virus and the massive financial impact the Games would have on the host country in the absence of spectators, it relentlessly pushed ahead. As if that wasn't enough, the tyrant in charge made not one, but two trips to Japan ensuring he was the prime beneficiary of the greed and corruption on display.

Although I do also place a lot of blame on the Japanese people. Had it collectively protested and organized to shame the IOC into accepting a delay, it's likely the athletes and sponsors would have sided with Japan less they be seen as insensitive and incredibly selfish. But nope, despite everything, about half the country was thrilled with the games even at the start and that number only increased as the event went on. It's just incredible that the very people that will be saddled with this debt for generations could be so ignorant as to the real costs.

-1 ( +1 / -2 )

I'm not interested in the official figures. I want the real figures.

If the Covid numbers in Japan are anything to go by, real figures will be 10x.

1 ( +3 / -2 )

Official costs will be known early next year

as will the amount of our tax increase to pay for it.

for something that none of us even got to attend.

1 ( +1 / -0 )

Those games, welfare, pension, defense response to China NK etc , education for new sellable technologies, digitalization, economy change for ecology… quite a list of past and future costs to stem. Let’s again print much more money… And the usual complain that would have to shoulder a future generation, well, at those birth rates even that doesn’t grip here. lol

0 ( +0 / -0 )

> tooheysnewToday  08:37 am JST

Cue the people whinging about ‘my tax money’ & ‘me & my kids will be in debt for years’

wanna pick up the tab??

0 ( +3 / -3 )

The most expensive and the most pathetic Olympics ever! Budget of $15.4 billion is simply way too much! $4.5 billion budgeted for Paris Olympics, $6 billion for LA and only $2 billion budget for Brisbane 2032! In reality, Japan definitely spent more than $15.4 billion as NHK and other sources have reported that it’s more than $24 billion!

0 ( +2 / -2 )

Yeah, you can Sit bach down. The damage- Looting, IS Done Padre..

it's all just picking up the tab now. If the people had a say things would be different.

But you don't pay your way do you so what do you care?

What's it to ya what taxpayers have to say about it now?

Cue the people whinging about ‘my tax money’ & ‘me & my kids will be in debt for years’

2 ( +2 / -0 )

Takes that long to cook the books, I guess.

5 ( +5 / -0 )

Can this all wait until after the elections?” - Perhaps another 6 months or so to “doctor” the books to aid/hurt the party the will remain/be in power at the time?

0 ( +2 / -2 )

Like any official figures anywhere, they're to be take with a fistful of salt.

3 ( +3 / -0 )

“I'm not prepared to reply to your question," Muto said when asked by a Japanese reporter during a news conference. “I don’t have the information yet. The people in charge are looking into this.”

That’s you, Muto.

You’re the one “in charge.”

So you’re saying, you’re not ready with the Indo because you’re looking into it?

You’re gonna take at least 3 months to find out that the Olympics took in NO INCOME, yet spent a lot to feed and house the athletes and build infrastructure?

It’s pretty obvious, it’s gonna go over the $15B budget.

The only question that’s a mystery is, how much did you pocket out of all of this?

4 ( +4 / -0 )

Toshiro Muto, the chief executive officer of the Tokyo Olympic organizing committee,...................................“I'm not prepared to reply to your question," Muto said when asked by a Japanese reporter during a news conference. “I don’t have the information yet. The people in charge are looking into this.”

Typical. No one's in charge here. It's always someone else. The health minister in charge of health? No, it's someone else. The CEO of the Tokyo Olympic organizing committee in charge of the Tokyo Olympic organizing committee? Someone else.

Then who's responsible? And what powers does/had the CEO of the Tokyo Olympic organizing committee then? How much did he get paid for it? And everyone is always looking into something.

Don't they have a ledger, ongoing statistics, ongoing accounting? So they don't keep track of how much money they spend/spent, to whom, when, for what? Is this a joke?

As @factchecker said

Expect the phrase 'Eye watering' to be used.

Exactly.

3 ( +4 / -1 )

I predict $40 billion. All on tax payer's dime.

1 ( +4 / -3 )

Cue the people whinging about ‘my tax money’ & ‘me & my kids will be in debt for years’

Well....that actually was our tax money and....well, yes, my kids and I as taxpayers will be paying the cost of this for years to come.

You seem to be implying this is a good thing that we shouldn't be complaining about for some reason.

7 ( +7 / -0 )

Paper shredding, file deletion, and creative accounting to get to the desired number.

Toshiba accountants and auditors may have a new job!

6 ( +7 / -1 )

Basically trying to cover up any cost that can be hidden to make the amount look "acceptable".

7 ( +8 / -1 )

They need to wait a little because if they announce it right after an election, the winner will suffer the ire of the people (who will, of course, do nothing anyway). Wait a little longer and they can successfully deflect after the person is entrenched, and easily blame Suga.

5 ( +8 / -3 )

The cost should not be about money. The cost should be about lives lost to Covid because the doctors, nurses and other medical staff that were yanked for the Olympics.

4 ( +7 / -3 )

Toshiro Muto, the chief executive officer of the Tokyo Olympic organizing committee, said on Tuesday he was not ready to say if the cost of the Games would go higher than the official budget figure of $15.4 billion.

“I'm not prepared to reply to your question," “I don’t have the information yet. The people in charge are looking into this.”He said preliminary figures might be made available in December.

You mean you will have the information available right after the general election but unfortunately no idea before that ey? What an amazing coincidence - again.

8 ( +9 / -1 )

Cue the people whinging about ‘my tax money’ & ‘me & my kids will be in debt for years’

-10 ( +1 / -11 )

Cos the printer is still running!

6 ( +8 / -2 )

Unofficial cost: Way too much.

6 ( +8 / -2 )

they haven't been keeping a running total? (⌒▽⌒)

7 ( +10 / -3 )

there's zero incentive to be accurate and news won't be allowed to investigate it. Real data will take years

12 ( +14 / -2 )

Although the official cost has been listed as $15.4 billion, several government audits have shown costs may be much higher.

This has been reported since early last year. Still have not heard why a government audit would not be "official". Could time be being taken to make the costs as obscure as possible? Or time the announcement with one of a tax hike? Given the Tokyo Games track record, I would say both.

9 ( +11 / -2 )

I challenge anyone to look back at the 2020/21 olympics in a few years time and think "yeah, totally worth it".

14 ( +16 / -2 )

Oh, I see, don't want the numbers to look bad for the LDP in the fall election eh?

11 ( +14 / -3 )

Expect the phrase 'Eye watering' to be used.

15 ( +18 / -3 )

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